NGX: Investors get N384 billion because the equity market supports booming

Investors at the Nigerian equity market obtained N384 billion at the close of trade on Friday.

This follows the surge in stock prices such as UACN PLC, Nigerian Enamelware PLC and Ellah Lakes PLC, among others, on the trading floor.

The Benchmark All-Share Index (ASI) jumped to 143,584.04 points from 142,979.46 points recorded the previous day.

After five hours of trading in the capital market, the capitalization of equity increased to N91.1 trillion from N90.7 trillion posted by Bourse on Thursday.

The extent of the positive market with 39 advanced shares, 25 shares declined, and 83 remaining shares did not change in 27,065 agreements.

UACN PLC, Nigerian Enamelware PLC and Ellah Lakes PLC led other growth with 10%, 9.97% and 9.96% growth in the stock price to be closed in N73.70, N42.45, and N13.47 from N67.00, N38.60, and N125 shares per previous share.

Julius Berger PLC, Thomas Wyatt PLC, and John Holt PLC led other prices with a decrease in stock prices of 9.96% 9.50%, and 9.43% to be closed in N122.90, N3.24, and N7.20 per share, down from the previous N136.50, N3.58, and N7.95 per share, per share.

Also Read: Nigeria Stock Market Recovering Because Investors Get N240BN

In the volume index, the United Bank of Africa led trade with 80 million shares in 1,142 agreements, followed by the Access Bank Holding PLC, which was traded 71 million shares in 1,302 offers.

Guarantee PLC Holding Trust is traded 35 million shares in 1,207 agreements.

In the value index, the shares traded by the Bank of Africa worth N3.4 billion in 1, 142 agreement, followed by a guarantee of Trust Holding Co. PLC, which trade equity worth N3.3 billion in 1, 207 agreement.

Aradel Holding PLC traded shares worth N2.3 billion in 625 agreements.

Baabajide Okeowo